Altalis Capital Management adds Hewlett Packard Enterprise Co (HPE) to its portfolio

Hewlett Packard Enterprise Co (HPE) : Altalis Capital Management added new position in Hewlett Packard Enterprise Co during the most recent quarter end. The investment management firm now holds 275,000 shares of Hewlett Packard Enterprise Co which is valued at $6,019,750 , the company said in a statement filed on Aug 15, 2016 with the SEC.Hewlett Packard Enterprise Co makes up approximately 3.99% of Altalis Capital Management’s portfolio.

Other Hedge Funds, Including , Brown Brothers Harriman Co reduced its stake in HPE by selling 251 shares or 1.51% in the most recent quarter. The Hedge Fund company now holds 16,387 shares of HPE which is valued at $358,711.Reservoir Operations reduced its stake in HPE by selling 50,000 shares or 33.33% in the most recent quarter. The Hedge Fund company now holds 100,000 shares of HPE which is valued at $2,189,000. Hewlett Packard Enterprise Co makes up approx 2.73% of Reservoir Operations’s portfolio.Assetmark Inc boosted its stake in HPE in the latest quarter, The investment management firm added 2,716 additional shares and now holds a total of 4,899 shares of Hewlett Packard Enterprise Co which is valued at $106,700.Concannon Wealth Management boosted its stake in HPE in the latest quarter, The investment management firm added 126 additional shares and now holds a total of 127 shares of Hewlett Packard Enterprise Co which is valued at $2,732.

On the company’s financial health, Hewlett Packard Enterprise Co reported $0.42 EPS for the quarter, based on the information available during the earnings call on May 24, 2016. Analyst had a consensus estimate of $0.42. The company had revenue of $12711.00 million for the quarter, compared to analysts expectations of $12336.07 million. The company’s revenue was up 1.3% compared to the same quarter last year.

Many Wall Street Analysts have commented on Hewlett Packard Enterprise Co. Hewlett Packard Enterprise Co was Initiated by Raymond James to “Mkt Perform” on Aug 17, 2016. Hewlett Packard Enterprise Co was Upgraded by Citigroup to ” Buy” on Jul 25, 2016. Company shares were Reiterated by Deutsche Bank on Jun 9, 2016 to “Buy”, Firm has raised the Price Target to $ 22 from a previous price target of $19 .

Hewlett Packard Enterprise Company (Hewlett Packard Enterprise) is engaged in offering information technology (IT) and enterprise services solutions. The Company focuses on technology solutions which enables the customers to build cloud-enabled mobile-ready solutions that is suited to their needs. The Company’s portfolio includes enterprise services software and financial services businesses. Hewlett Packard Enterprise offers its services to various enterprises and governments.

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